If prices increase at a monthly rate of 0.5%, by what percentage do they increase in a year? what is the formula to solve?

Eric has challenged himself to walk 24,000 steps in 4 days. if eric walks the same number of steps each day, which function represents the number of steps eric still needs to walk to reach his goal with respect to the number of days since he started his challenge? a. y = 8,000x − 24,000 b. y = -8,000x + 24,000 c. y = 6,000x − 24,000 d. y = -6,000x + 24,000